Egyptian Commodities Exchange Explained

Egyptian Commodities Exchange
Type:Commodities exchange
City:Cairo
Owner:Egyptian government, Sigma Investments Group, INGOT Brokers and Sabika
Key People:Egyptian government, Iman Mutlaq
Currency:Egyptian pound

The Egyptian Commodities Exchange (EGYCOMEX) is a proposed commodities exchange in Egypt.[1] [2] [3] [4]

A three-member consortium signed cooperation protocol with Egyptian government to establish a US$35–50m worth electronic Egyptian Commodities Exchange in Egypt as the first ever country in the MENA region; it will facilitate the well-being of the small farmers and supply of products at reasonable prices abolishing the monopoly of goods.[5] [6]

See also

External links

Notes and References

  1. Web site: Egypt to Launch Agricultural Commodities Bourse by Year’s End. May 16, 2022. Asharq Al-Awsat. February 1, 2016.
  2. Web site: Grain games: Egypt to open MENA's first agricultural commodities exchange. May 16, 2022. Al Bawaba. February 1, 2016.
  3. Web site: Egypt takes steps to launch commodity exchange in 2016. May 16, 2022. Daily News Egypt. February 9, 2016.
  4. Web site: Egypt plans to launch agriculture commodities bourse. May 16, 2022. Gulf Daily News. February 1, 2016.
  5. Web site: Global consortium to inject $50m in Egypt commodity exchange. November 28, 2015. MUBASHER. 26 November 2015.
  6. Web site: Egypt signs protocol to establish commodities exchanges. November 30, 2015. The Cairo Post. 26 November 2015. 20 July 2018. https://web.archive.org/web/20180720061225/http://thecairopost.youm7.com/news/179289/news/egypt-signs-protocol-to-establish-commodities-exchanges#prettyPhoto. dead.

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